Common use of Extended Reporting Period Clause in Contracts

Extended Reporting Period. If the policy is not renewed for any reason, or is cancelled for any reason other than for nonpayment of premium or deductible (whether cancelled by the Company or by the Named Insured), the Named Insured as shown in the Declarations, has the right to purchase, within thirty (30) days of policy termination, an extension of the coverage granted by this policy. This reporting period extension shall remain in force for a period of either twelve (12), twenty-four (24) or thirty-six (36) months after the policy terminates, but only for Claims resulting from negligent acts, errors or omissions, Advertising Liability or Personal Injury committed before the effective date of the cancellation or nonrenewal, and otherwise covered by this policy. Increased premiums or deductibles or modifications of coverage terms or conditions upon renewal do not constitute cancellation or nonrenewal. The premium for this Extended Reporting Period will not exceed one hundred percent (100%) for twelve months, one hundred fifty percent (150%) for twenty-four months or one hundred seventy-five percent (175%) for thirty-six months of the full annual premium set forth in the Declarations and any attached endorsements, and must be elected and paid within thirty (30) days after the effective date of the policy’s termination. Such additional premium is deemed fully earned immediately upon the inception of the Extended Reporting Period. The Extended Reporting Period is added by endorsement and, once endorsed, cannot be cancelled. The Extended Reporting Period does not reinstate or increase the Limits of Liability. The Company’s Limits of Liability during the Extended Reporting Period are part of, and not in addition to, the Company’s Limits of Liability stated in the Declarations.

Extended Reporting Period. If the policy is not renewed for any reason, or is cancelled for any reason other than for nonpayment of premium or deductible (whether cancelled by the Company or by the Named Insured), the Named Insured as shown in the Declarations, has the right to purchase, within thirty sixty (3060) days of policy termination, an extension of the coverage granted by this policy. This reporting period extension shall remain in force for a period of either twelve (12), twenty-four (24) or thirty-six (36) months after the policy terminates, but only for Claims resulting from negligent acts, errors or omissions, Advertising Liability or Personal Injury committed before the effective date of the cancellation or nonrenewal, and otherwise covered by this policy. Increased premiums or deductibles or modifications of coverage terms or conditions upon renewal do not constitute cancellation or nonrenewal. The premium for this Extended Reporting Period will not exceed one hundred percent (100%) for twelve months, one hundred fifty percent (150%) for twenty-four months or one hundred seventy-five percent (175%) for thirty-six months of the full annual premium set forth in the Declarations and any attached endorsements, and must be elected and paid within thirty sixty (3060) days after the effective date of the policy’s termination. Such additional premium is deemed fully earned immediately upon the inception of the Extended Reporting Period. The Extended Reporting Period is added by endorsement and, once endorsed, cannot be cancelled. The Extended Reporting Period does not reinstate or increase the Limits of Liability. The Company’s Limits of Liability during the Extended Reporting Period are part of, and not in addition to, the Company’s Limits of Liability stated in the Declarations.

Extended Reporting Period. If the policy is not renewed for any reason, or is cancelled for any reason other than for nonpayment of premium or deductible (whether cancelled by the Company or by the Named Insured), the Named Insured as shown in the Declarations, has the right to purchase, within thirty (30) days of policy termination, an extension of the coverage granted by this policy. This reporting period extension shall remain in force for a period of either twelve (12), twenty-four (24) or thirty-six (36) months after the policy terminates, but only for Claims resulting from negligent acts, errors or omissions, Advertising Liability or Personal Injury omissions committed before the effective date of the cancellation or nonrenewal, and otherwise covered by this policy. Increased premiums or deductibles or modifications of coverage terms or conditions upon renewal do not constitute cancellation or nonrenewal. The premium for this Extended Reporting Period will not exceed one hundred percent (100%) for twelve months, one hundred fifty percent (150%) for twenty-four months or one hundred seventy-five percent (175%) for thirty-six months of the full annual premium set forth in the Declarations and any attached endorsements, and must be elected and paid within thirty (30) days after the effective date of the policy’s termination. Such additional premium is deemed fully earned immediately upon the inception of the Extended Reporting Period. The Extended Reporting Period is added by endorsement and, once endorsed, cannot be cancelled. The Extended Reporting Period does not reinstate or increase the Limits of Liability. The Company’s Limits of Liability during the Extended Reporting Period are part of, and not in addition to, the Company’s Limits of Liability stated in the Declarations.

Extended Reporting Period. If As used herein, "extended reporting period" means the period of time after the end of the policy period for reporting claims that are made against the Insured during the applicable extended reporting period by reason of a Wrongful Act that occurred prior to the end of the policy period and is not otherwise covered by this Policy. A. If this Policy is canceled or non-renewed for any reason, or is cancelled for any reason other than for nonpayment of premium or deductible (whether cancelled by either the Company Insurer or by the Named Insured)Entity, then the Named Insured as shown in the Declarations, has Entity shall have the right to purchase, purchase an optional extended reporting period. Such right must be exercised by the Named Entity within thirty sixty (30) days of policy termination, an extension the termination of the coverage granted policy period by this policyproviding: 1. This written notice to the Named Entity; and 2. with the written notice, the amount of additional premium described below. B. The additional premium for the optional extended reporting period extension shall remain be based upon the rates for such coverage in force effect on the date this Policy was issued or last renewed and shall be for a period one (1) year at 75% of either twelve such premium; two (12), twenty-four 2) years at 125% of such premium; or three (243) or thirty-six (36) months after the policy terminates, but only for Claims resulting from negligent acts, errors or omissions, Advertising Liability or Personal Injury committed before the effective date years at 150% of the cancellation or nonrenewal, and otherwise covered by this policy. Increased premiums or deductibles or modifications of coverage terms or conditions upon renewal do not constitute cancellation or nonrenewal. such premium. C. The premium for this Extended Reporting Period will the optional extended reporting period is due on its effective date. This optional extended reporting period is non-cancelable and the entire premium shall be deemed fully earned at its commencement without any obligation by the Insurer to return any portion thereof. D. The limits of liability for the optional extended reporting periods shall be part of and not exceed one hundred percent (100%) in addition to the limits of liability for twelve months, one hundred fifty percent (150%) for twenty-four months or one hundred seventy-five percent (175%) for thirty-six months of the full annual premium policy period as set forth in the Declarations and any attached endorsementsSection VI, and must be elected and paid within thirty (30) days after the effective date of the policy’s termination. Such additional premium is deemed fully earned immediately upon the inception of the Extended Reporting Period. The Extended Reporting Period is added by endorsement and, once endorsed, cannot be cancelled. The Extended Reporting Period does not reinstate or increase the Limits of Liability. The Company’s Limits of Liability of this Policy. E. There is no right to any extended reporting period if the Insurer cancels or refuses to renew this Policy due to non-payment of premiums. F. It is understood and agreed that the extended reporting period shall not be construed to be a new policy and any claim submitted during the Extended Reporting Period are part of, and not in addition to, the Company’s Limits of Liability stated in the Declarationssuch period shall otherwise be governed by this Policy.

Extended Reporting Period. If the policy is not renewed for any reason, or is cancelled for any reason other than for nonpayment of premium or deductible (whether cancelled by the Company or by the Named Insured), the Named Insured as shown in on the Declarations, has the right to purchase, within thirty (30) days of policy termination, an extension of the coverage granted by this policy. This reporting period extension shall remain in force for a period of either twelve (12), twenty-four (24) ), or thirty-six (36) months after the policy terminates, but only for Claims resulting from negligent acts, errors or omissions, Advertising Liability or Personal Injury omissions committed before the effective date of the cancellation or nonrenewal, and otherwise covered by this policy. Increased premiums or deductibles or modifications of coverage terms or conditions upon renewal do not constitute cancellation or nonrenewal. The premium for this Extended Reporting Period will not exceed one hundred percent (100%) for twelve months, one hundred fifty percent (150%) for twenty-four months months, or one hundred seventy-five percent (175%) for thirty-six months of the full annual premium set forth in the Declarations and any attached endorsements, and must be elected and paid within thirty (30) days after the effective date of the policy’s termination. Such additional premium is deemed fully earned immediately upon the inception of the Extended Reporting Period. The Extended Reporting Period is added by endorsement and, once endorsed, cannot be cancelled. The Extended Reporting Period does not reinstate or increase the Limits of Liability. The Company’s Limits of Liability during the Extended Reporting Period are part of, and not in addition to, the Company’s Limits of Liability stated in the Declarations.

Extended Reporting Period. If the policy is not renewed for any reason, or is cancelled for any reason other than for nonpayment of premium or deductible (whether cancelled by the Company or by the Named Insured), the Named Insured as shown in on the Declarations, has the right to purchase, within thirty sixty (3060) days of policy termination, an extension of the coverage granted by this policy. This reporting period extension shall remain in force for a period of either twelve (12), twenty-four (24) or thirty-six (36) months after the policy terminates, but only for Claims resulting from negligent acts, errors or omissions, Advertising Liability or Personal Injury committed before the effective date of the cancellation or nonrenewal, and otherwise covered by this policy. Increased premiums or deductibles or modifications of coverage terms or conditions upon renewal do not constitute cancellation or nonrenewal. The premium for this Extended Reporting Period will not exceed one hundred percent (100%) for twelve months, one hundred fifty percent (150%) for twenty-four months or one hundred seventy-five percent (175%) for thirty-six months of the full annual premium set forth in the Declarations and any attached endorsements, and must be elected and paid within thirty sixty (3060) days after the effective date of the policy’s termination. Such additional premium is deemed fully earned immediately upon the inception of the Extended Reporting Period. The Extended Reporting Period is added by endorsement and, once endorsed, cannot be cancelled. The Extended Reporting Period does not reinstate or increase the Limits of Liability. The Company’s Limits of Liability during the Extended Reporting Period are part of, and not in addition to, the Company’s Limits of Liability stated in the Declarations.

Extended Reporting Period. 1. Optional If the policy Policy is not renewed for any reason, or is cancelled canceled for any reason other than for nonpayment non-payment of premium or deductible (whether cancelled by the Company or by the Named Insured), the Named Insured as shown in is entitled to an automatic sixty-day (60) extended reporting period, but only for Claims resulting from negligent acts, errors or omissions, Advertising Liability or Personal Injury committed before the Declarationstermination date of the Policy and otherwise covered by this Policy. Alternatively, the Insured has the right to purchase, within thirty (30) days of policy termination, purchase an extension of the coverage granted by this policy. This reporting period extension shall remain in force Policy for a period of either twelve (12), twenty-four (24) or thirty-six (36) months after the policy Policy terminates, but only for Claims resulting from negligent acts, errors or omissions, Advertising Liability or Personal Injury committed before the effective termination date of the cancellation or nonrenewal, Policy and otherwise covered by this policyPolicy. Increased premiums premiums, and/or retention, or deductibles changes in, or modifications of coverage terms or conditions upon renewal do not constitute cancellation or nonrenewalnon-renewal. The premium for this Extended Reporting Period will not exceed one hundred percent (be priced between 100%) for twelve months, one hundred fifty percent (% and 150%) for twenty-four months or one hundred seventy-five percent (175%) for thirty-six months % of the full annual premium set forth in the Declarations and any attached endorsements, and must be elected and paid within thirty (30) days after the effective date of the policyPolicy’s termination. Such additional premium is deemed fully earned immediately upon the inception of the Extended Reporting Period. The Extended Reporting Period is will be added by endorsement andendorsement, and once endorsed, cannot be cancelled. The Extended Reporting Period does not reinstate or increase the Limits of Liability. The Company’s Limits of Liability during the Extended Reporting Period are a part of, and not in addition to, the Company’s Limits of Liability stated in the Declarations.